Weekly Investment Analysts’ Ratings Updates for J. M. Smucker (SJM)

J. M. Smucker (NYSE: SJM) has recently received a number of price target changes and ratings updates:

• 4/10/2024 – J. M. Smucker had its price target lowered by analysts at TD Cowen from $150.00 to $140.00. They now have a “buy” rating on the stock.
• 4/8/2024 – J. M. Smucker was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 3/31/2024 – J. M. Smucker was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 3/23/2024 – J. M. Smucker was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 3/15/2024 – J. M. Smucker was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 3/7/2024 – J. M. Smucker was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 3/1/2024 – J. M. Smucker is now covered by analysts at DA Davidson. They set a “neutral” rating and a $132.00 price target on the stock.
• 2/29/2024 – J. M. Smucker had its price target raised by analysts at Barclays PLC from $129.00 to $132.00. They now have an “equal weight” rating on the stock.
• 2/28/2024 – J. M. Smucker was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 2/28/2024 – J. M. Smucker had its price target raised by analysts at JPMorgan Chase & Co. from $126.00 to $128.00. They now have a “neutral” rating on the stock.
• 2/28/2024 – J. M. Smucker had its price target lowered by analysts at Citigroup Inc. from $153.00 to $152.00. They now have a “buy” rating on the stock.
• 2/28/2024 – J. M. Smucker was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating. They now have a $135.00 price target on the stock.

J. M. Smucker Stock Performance

Shares of SJM opened at $113.54 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.38 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $12.06 billion, a price-to-earnings ratio of -129.02, a PEG ratio of 1.85 and a beta of 0.21. The stock has a 50 day moving average of $123.89 and a 200 day moving average of $121.30. The J. M. Smucker Company has a 12 month low of $107.33 and a 12 month high of $159.92.

J. M. Smucker (NYSE:SJM) last released its earnings results on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.21. J. M. Smucker had a positive return on equity of 14.29% and a negative net margin of 1.24%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the business posted $2.21 earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. As a group, sell-side analysts forecast that The J. M. Smucker Company will post 9.6 earnings per share for the current year.

J. M. Smucker Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend was Thursday, February 15th. J. M. Smucker’s dividend payout ratio is -481.81%.

Insider Activity at J. M. Smucker

In related news, insider Jeannette L. Knudsen sold 3,200 shares of J. M. Smucker stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $124.77, for a total transaction of $399,264.00. Following the completion of the sale, the insider now owns 8,946 shares of the company’s stock, valued at $1,116,192.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On J. M. Smucker

Several hedge funds have recently added to or reduced their stakes in SJM. Fairfield Bush & CO. lifted its stake in J. M. Smucker by 1.5% during the first quarter. Fairfield Bush & CO. now owns 30,551 shares of the company’s stock worth $4,137,000 after purchasing an additional 461 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of J. M. Smucker by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,499 shares of the company’s stock worth $1,963,000 after buying an additional 898 shares during the period. Allianz Asset Management GmbH increased its holdings in shares of J. M. Smucker by 1.7% in the first quarter. Allianz Asset Management GmbH now owns 339,555 shares of the company’s stock worth $45,980,000 after buying an additional 5,531 shares during the period. National Pension Service increased its holdings in shares of J. M. Smucker by 1,012.2% in the first quarter. National Pension Service now owns 192,636 shares of the company’s stock worth $26,085,000 after buying an additional 175,315 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of J. M. Smucker by 1.3% in the first quarter. Vanguard Group Inc. now owns 12,721,847 shares of the company’s stock worth $1,722,666,000 after buying an additional 162,944 shares during the period. Institutional investors own 81.66% of the company’s stock.

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.